Question: Collateral is _ _ _ _ _ _ _ _ the lender receives if the borrower does not pay back the loan. Question content area

Collateral is________ the lender receives if the borrower does not pay back the loan.
Question content area bottom
Part 1
A.
a present
B.
an asset
C.
an offering
D.
a liability

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

The rush-hour traffic flow for a network of four one-way streets in a city is shown in Figure 2. The numbers next to each street indicate the number of vehicles per hour that enter and leave the...

Q:

What is the present value of a(n) 6-year annuity that pays $3,000 annually, given a discount rate of 9 percent? Question content area bottom Part 1 The present value of the annuity is $enter your...

Q:

CH7 Q 9 You borrow $140,000. The loan is structured as an amortized loan to be repaid over 9 years with 52 (end-of-period) payments per year. The lender is charging you a rate of 5.7% APR. a.What are...

Q:

Accounts receivable as collateral, cost of borrowingMaximum Bank has analyzed the accounts receivable of Scientific Software, Inc. The bank has chosen eight accounts totaling $180,000 that it will...

Q:

Which of the following items must you provide when applying for a loan in order to prove you have collateral to back your loan? Question content area bottom Part 1 A . Paycheck stub B . Personal cash...

Q:

Question content area top Part 1 When you purchased your car, you took out a five - year annual - payment loan with an interest rate of 6 . 1 % 6 . 1 % per year. The annual payment on the car is $ 4...

Q:

Suppose you borrow $755 for a term of three years at simple interest and 6.48 % APR. Determine the total (principal plus interest) you must pay back on the loan. Question content area bottom Part 1...

Q:

You have an outstanding student loan with required payments of $ 5 7 0 per month for the next 4 years. The interest rate on the loan is 6 % APR ( monthly ) . You are considering making an extra...

Q:

What strategy should you use to obtain the lowest possible APR on a loan? Question content area bottom Part 1 A . Make a large down payment. B . Provide collateral. C . Get a variableminus rate loan....

Q:

Explain, in general terms, how the portions of loan payments going to principal and interest change over the life of the loan. Question content area bottom Part 1 Choose the correct answer below. A....

Q:

(Annuity number of periods) You've just bought a new flat-screen TV for $4,000 and the store you bought it from offers to let you finance the entire purchase at an annual rate of 12 percent...

Q:

The inner and outer surfaces of a 5-m 3 6-m brick wall of thickness 30 cm and thermal conductivity 0.69 W/m8C are maintained at temperatures of 208C and 58C, respectively. Determine the rate of heat...

Q:

Zapata entered into a contract with a German corporation to use one of Zapatas oil-drilling rigs off the coast of Italy. The contract stated, Any dispute arising must be treated before the London...

Q:

Provide answer Accounting Problem 2.5: The balance sheet of Bluesky Athletics reports total equity of $720,000 and $960,000 at the beginning and end of the year, respectively. The return on equity...

Q:

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.